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India Exports

Exports from India plunged 60.28 percent over a year earlier to USD 10.36 billion in April 2020 its lowest level since November 2006, mainly due to lower sales of gems & jewelry (-98.74 percent), engineering goods (-64.76 percent), electronic goods (-71.04 percent), petroleum products (66.22 percent), and organic & inorganic chemicals (41.93 percent).

Forecast

Exports in India is expected to be 18500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in India to stand at 30600.00 in 12 months time. In the long-term, the India Exports is projected to trend around 25900.00 USD Million in 2021 and 29900.00 USD Million in 2022, according to our econometric models.

Import News

Thailand Imports Beat Forecasts
Imports to Thailand increased by 14.12 percent year-on-year to USD 23.51 billion n March 2021, exceeding market expectations of a 5.95 percent gain and after a 21.99 percent jump in the prior month, as a recovery in domestic demand accelerated in the wake of the coronavirus pandemic. Many of the materials Thailand imports are assembled into completed goods and shipped out again.
Thailand Imports Rebound More than Estimated
Imports to Thailand soared 22 percent year-on-year to USD 20,212 million in February 2021, compared with market expectations of an 11.15 percent gain, amid strengthening domestic demand in the aftermath of the COVID-19 disruption. Many of the materials Thailand imports are assembled into completed goods and shipped out again.
New Zealand Imports Edge Down
Imports from New Zealand decreased 1.1 percent over a year earlier to NZD 4.3 billion in February of 2021, continuing to recover from disruptions to global supply chains and delays at New Zealand ports. Purchases were mainly nudged by vehicles, parts & accessories, up NZD 135 million or 24 percent. In contrast, imports of crude oil sank by NZD 201 million or 80 percent. By origin, purchases from China increased by NZD 336 million to NZD 1.1 billion, whereas those from the USA were down NZD 142 million to NZD 359 million.
New Zealand Imports Drop 5% YoY
Imports from New Zealand decreased 5 percent over a year earlier to NZD 4.8 billion in January of 2021, recovering from disruptions to global supply chains and delays at New Zealand ports. Purchases were mainly nudged by vehicles, parts & accessories, up NZD 64 million or 11 percent. Also, imports of electrical & machinery equipment jumped NZD 90 million or 24 percent. By origin, purchases from China increased by NZD 61 million to NZD 1.2 billion, whereas those from the USA were down NZD 82 million to NZD 395 million.
Thailand Imports Drop Less than Forecasts
Imports to Thailand declined by 5.24 percent year-on-year to USD 19.91 billion in January 2021, compared with market expectations of an 8.3 percent drop and after a 3.62 percent increase in December, amid weakening domestic demand following a resurgence of local COVID-19 infections. Many of the materials Thailand imports are assembled into completed goods and shipped out again.
New Zealand Imports Rise 4.2% YoY
Imports from New Zealand increased 4.2 percent over a year earlier to NZD 5.3 billion in December of 2020, recovering from disruptions to global supply chains and delays at New Zealand ports. Purchases were mainly nudged by vehicles, parts & accessories, up NZD 106 million or 15 percent. Also imports of electrical & machinery equipment jumped NZD 90 million or 21 percent. By origin, purchases from China increased by NZD 273 million to NZD 1.3 billion, whereas those from Australia were down NZD 81 million to NZD 649 million.
Thailand Imports Unexpectedly Rise
Imports to Thailand unexpectedly expanded by 3.62 percent year-on-year to USD 19.12 billion in December of 2020, against market expectations of a 2.1 percent decline and following a 0.99 percent fall a month earlier, as domestic demand recovered from the worst of the COVID-19 crisis. Many of the materials Thailand imports are assembled into completed goods and shipped out again.
Thailand Imports Fall Less than Estimated
Imports to Thailand declined by 0.99 percent year-on-year to USD 18.88 billion in November of 2020, compared with market expectations of a 9 percent drop and after a 14.32 percent plunge in September, as domestic demand started to recover from the worst of the COVID-19 crisis. Considering the first eleven months of the year, imports tumbled 13.74 percent from the same period of 2019. Many of the materials Thailand imports are assembled into completed goods and shipped out again.
New Zealand Imports Fall Further
Imports from New Zealand plunged 17 percent over a year earlier to NZD 5.0 billion in November of 2020, dragged by disruptions to global supply chains and delays at New Zealand ports. The biggest declines were in imports were aircraft and parts (down NZD 262 million), crude oil (down NZD 146 million), vehicles, parts, and accessories (down NZD 121 million), petrol and diesel (down NZD 119 million), and plastics (down NZD 35 million). In contrast, purchases of mobile phones increased NZD 46 million). By country of origin, imports declined from the United States (-25.5 percent), China (-7.2 percent), Japan (-10.3 percent), and Australia (-4.3 percent).
New Zealand Imports Sink 13% YoY
Exports from New Zealand tumbled 13 percent over a year earlier to NZD 5.3 billion in October of 2020. The biggest declines were mechanical machinery & equipment (-31 percent), oil & products (-33 percent), and electrical machinery & equipment (-17 percent). In contrast, aircraft & parts jumped 114 percent and optical, medical & measuring equipment rose by 12 percent. Imports from China were down NZD 100 million to NZD 1.3 billion, while those from the US declined NZD 158 million to NZD 469 million.